According to a new report by Reports and Data, the global bagged valve products market is expected to reach USD 10.49 billion by 2027.Bag-on-valve (BOV) technology is considered to be rapidly increasing in the packaging of various personal care, pharmaceutical and home care products.The technology also offers significant advantages for aerosol products that require non-contact dispensing.Bag-on-valve technology is widely used in food and beverage, cosmetic, and pharmaceutical packaging due to its longer shelf life and the need for fewer or no preservatives.Several major food companies are implementing bag valve technology to package sauces, oils and other liquid and creamy products.This may meet customer needs and demands for convenience, ease of storage and packaging.
High cost associated with BOV technology is expected to hinder the growth of BOV products market.It protects the product from contamination and provides an attractive appearance compared to other forms of packaging.Additionally, packaging the product requires additional pressurized gas and propellant, which increases the overall cost of packaging.The lack of consumer awareness of the benefits of BOV products is expected to restrain the growth of the BOV market over the forecast period.Moreover, the availability of cheaper alternatives is another major factor estimated to hinder the market growth.
Impact of COVID-19: The COVID-19 pandemic is expected to have a neutral impact on the global bagged valve products market in 2020 owing to continued activity in almost all sectors except the automotive and industrial sectors, which are There is huge demand for responsible market share in 2019.Post-pandemic, however, the trends discussed in the global market research did take hold.
Key players include AptarGroup, Inc., Coster Tecnologie Speciali SpA, LINDAL Group Holding GmbH, Summit Packaging Systems, Exal Corporation, Precision Valve Corporation, KOH-I-NOOR Mlada Vozice, Chicago Aerosol, TOYO & DEUTSCHE AEROSOL GmbH and Shanghai Golden Aerosol ,etc.
Browse the full report "Bag on Valve (BOV) Products Market" @ https://www.reportsanddata.com/report-detail/bag-on-valve-bov-products-market
For the purpose of this report, the reports and data have been segmented into the global Pouched Valve Products market on the basis of product type, container type, application, and region:
The study includes in-depth analysis of the market using advanced research methods such as SWOT analysis and Porter's five forces analysis.The report further explores the key business players and their in-depth analysis, product portfolio and strategic business decisions.The report has been developed through extensive primary and secondary research and further validated by analysts, industry experts and market professionals.The report also sheds light on recent mergers, joint ventures, collaborations, partnerships and product launches, among others.
Summarizing all of the above, the report provides vital insights into the Pocket Valve (BOV) Products market, enabling readers to gain a comprehensive understanding of the global Pocket Valve (BOV) Products market with accurate estimates, panoramic view market scenario, competitive landscape, impact Market growth factors, drivers, restraints, regulatory framework, growth prospects and opportunities, and factors driving the market forward.The research provides an in-depth understanding of the industry, giving readers a competitive advantage and helping them develop a profitable investment plan.The report provides a comprehensive overview of the market and provides facts related to the past, present and future of the global Bagged Valve (BOV) Products Market.
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Reports and Data is a market research and consulting firm that provides syndicated research reports, custom research reports and consulting services.Our solutions are fully focused on your purpose of locating, targeting and analyzing changes in consumer behavior across demographics, industries, and helping clients make better-informed business decisions.We provide market intelligence research, ensuring relevant and fact-based research across multiple industries including healthcare, technology, chemicals, power and energy.We are constantly updating our research products to ensure our clients are aware of the latest trends that exist in the market.
Read the full press release: https://www.reportsanddata.com/press-release/global-bag-on-valve-bov-products-market
The 2021-2027 Bag-in-Valve (BOV) Product Market Size, Development Overview, Trends and Growth Report appeared first on Market O Graphics.
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Post time: Feb-17-2022